Wed June 1, 2011
SUNY claims $20 billion economic impact in NYS
By Marie Cusick/WMHT
Albany, NY – On Wednesday, the statewide system of higher education issued a report called "How SUNY Matters," estimating its total economic impact in New York at $19.8 billion.
The report also claims that SUNY provides 173,000 jobs, and $460 million dollars in tax revenue for the state.
SUNY Chancellor, Nancy Zimpher, says the report aims to offer solutions to challenges like using the network of schools help New York find more economic drivers.
"The report answers that [with] growing lots of entrepreneurs on our campuses, setting them free to be as innovative as possible."
The study was put together by the University of Albany's Rockefeller Institute of Government, and the University at Buffalo Regional Institute. Those are both SUNY institutions, but Zimpher says the system is open to critique of the report's methodology.
Zimpher says that going forward, SUNY will issue an economic report annually.
You can read the report here.